Coffee and tea consumption in the Arab world more than tripled over the last decade with a whopping 85% increase in the UAE during the last three years alone, a report revealed on Sunday.
According to the latest coffee statistics released by the International Coffee Organisation (ICO), about 1.4 billion cups of coffee are poured a day, with the UAE emerging as the fastest growing market by volume for coffee in the world.
The world body added coffee volume sales are expected to register an 80% growth from 2009-2014, or a compound annual growth rate (CAGR) of more than 12% year on year over the same period. People in the UAE already drink nearly twice as much coffee as anywhere else in the GCC with consumption levels set to continue to grow at around 12% per annum until 2014.
“Even when times are hard, people still drink coffee. And the growth in coffee consumption these days occurs much more in emerging markets, which are bearing up much better under this economic turbulence than in the developed world,” Jose Settee, head of operations at the ICO, said in the report.
The report comes in the backdrop of the 2012 International Coffee & Tea Festival which Dubai is hosting in November this year. The country’s tea consumption has also achieved a robust growth rate of 47%, thanks to the introduction of a much wider variety of teas, including new tea blends that combine more than one type of premium tea and the discovery of the health benefits of tea for people suffering from cancer, heart disease, diabetes, weight problems, cholesterol and other illnesses.
The UAE has been a key tea trading partner, with nearly 18,000 tons of tea re-exports to different countries in the region in 2010-2011 alone.